Bidder To Meet Stemcor To Hammer Down Price
  • Prabha Hedge
  • Feb 06 2014

February 6: Mint has learnt that one of the bidders for Stemcor Holding’s Indian assets is meeting the U.K. steel trader to bring down prices for their Indian assets. This as the new export duty on iron pellets has devalued Stemcor's Indian assets. JSW Steel, Birla Group and JSPL are considered to be potential buyers. Mint’s Ruchira Singh shares more details on the same.